Biometrics Market in BRIC Countries, Trends, Analysis and Forecasts to 2019

(IT-NEWSWIRE.COM, May 05, 2017 ) With the increasing instances of security vulnerabilities and transactional fraudulent in several industries, there is a need for highly reliable and accessible personal authentication and identification systems. Biometrics has emerged as a suitable solution to meet this need and is based on the behavioral and physiological characteristics of an individual. It include the authentication of an individual by evaluating one or more unique biological traits such as voice recognition, palm geometry, DNA identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature verification, and vein recognition. Biometrics technologies are considered to be more reliable when compared to physical devices and numeric codes. With the advances in hardware, sensors, readers, pattern recognition, signal and image processing technologies; a number of biometric technologies such as face, iris, retina, voice, signature, hand geometry, keystroke, ear, and palm print recognition have been developed to deal with identification of individuals.

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The adoption of biometrics is gaining prominence in law enforcement, financial institutions, access control, immigration, national ID, time and attendance monitoring, border control, hospitals, retail, and airport security in BRIC countries. Current economic scenario of BRIC countries has been seen as a major factor for the growth of biometrics, especially in government applications. Economic conditions has a direct impact on the spending of the government toward new technologies. Biometrics implementation requires high capital investments, therefore improvement in economic conditions will increase the demand among customers in BRIC countries.

Covered in this report

This report covers the present scenario and the growth prospects of the biometrics market in BRIC countries for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions, including hardware, software, integrated solutions, and services. Revenues generated from after sales services are not included to calculate the market size.

The market is highly fragmented with the presence of a large number of small and large vendors. A detailed product and feature comparison for the key leading vendors is provided in the report.

In addition, the report discusses the major drivers that influence the growth of the biometrics market in BRIC countries. It also outlines the risks faced by vendors and the market at large, as well as the key trends emerging in the market.

Publisher's report, Biometrics Market in BRIC Countries 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the biometrics in BRIC countries market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

- 3M Cogent

- Cross Match Technologies

- HID Global

- NEC

- Safran

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Other prominent vendors

- Beijing IrisKing

- BioEnable

- BioLink Solutions

- eSSL Security

- Fujitsu

- 4G Identity

- Hitachi

- Honeywell

- SUPREMA

- ZK Technology

Market challenges

- Issues with accuracy of biometrics

- For a full, detailed list, view our report

Market trends

- Emergence of contactless biometrics

- For a full, detailed list, view our report

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Biometrics Market in BRIC Countries, Trends, Analysis and Forecasts to 2019